Data Center GPUs Market is Estimated to Reach $293.2 Billion by 2034

What is Data Center GPUs and Why Does It Matter?

Data center GPUs are specialized hardware designed to accelerate high-performance computing tasks, essential for AI, deep learning, and big data analytics. These GPUs handle complex computational processes with enhanced speed and efficiency, making them critical for modern data centers. The growing demand for AI-driven applications, coupled with advancements in memory, processing power, and energy-efficient designs, is fueling market growth.

According to BIS Research, global data center GPUs is projected to reach $293.2 billion by 2034, up from $36.0 billion in 2024, at a growing CAGR of 23.33%.

What’s Driving Growth in the Data Center GPUs Market?

Key Drivers:

•    Cryptocurrency Mining Demand: Data centers support mining with enhanced space, power, and cooling.
•    Specialized Hardware: Companies like Primcast and Server Room offer NVIDIA GPUs, optimized for mining.
•    Enhanced Performance: GPU servers are continuously optimized for better mining efficiency.

What Are the Challenges in the Data Center GPUs Market?

Key Challenges:
•    Market Leaders: NVIDIA, AMD, and Intel dominate the GPU market, with NVIDIA's full-stack approach leading the way.
•    Integration Challenge: Replicating NVIDIA's ecosystem is tough without complementary software.
•    Switching Costs: High financial and operational hurdles prevent easy transitions between GPU platforms, especially from NVIDIA.

What are the Recent Developments in the Data Center GPUs Market?

•    HPC Clusters: Link high-performance computers for faster data processing, aiding AI and big data.
•    HPC Data Center Growth: Investments rise, like Digital Power Optimization’s $200M HPC center in Wisconsin.

Market Segmentation: Where Are Growth Opportunities?

By Application:
•    Hyperscale 
•    Colocation
•    Enterprise
•    Others

By Product:
•    Conventional GPUs
•    Accelerated GPUs

By Region:
•    North America
•    Europe
•    Asia-Pacific
•    Rest-of-the-World

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Analyst Perspective: What’s Next for the Data Center GPUs?

The data center GPUs market is poised for strong growth, driven by rising demand for AI, HPC, and cryptocurrency mining. North America leads the market, with colocation services and GPU innovations fueling expansion. While challenges like high manufacturer power and platform switching persist, advancements in HPC and AI, such as OpenAI’s GPT-4, present significant opportunities for continued market growth.

-BIS Research Analyst Team

FAQs About the Data Center GPUs Market

What is the expected growth rate of the data center GPUs market?

The data center GPUs market is expected to grow at a CAGR of 23.33% from 2024–2034

Who are the key players?

Leading companies driving the data center GPUs include NVIDIA corporation, advanced micro devices, Inc., intel, graphcore, tenstorrent and others.

Which technologies are most in demand?

The data center GPUs market is driven by demand for AI, machine learning, high-performance computing (HPC), cryptocurrency mining hardware, liquid cooling, and edge computing technologies.

Want to Make Data Backed Moves in Data Center GPUs?

BIS Research offers KOL-based insights, rigorous segmentation, and strategic advisory across software, hardware, and sensing tech domains.

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